Canadian employment increased rose by 12,000 jobs in
September, matching the rate of job creation in August. The national
unemployment rate ticked higher by 0.1 points to 7.1 per cent as more people
actively searched for work. Part-time employment accounted for all of
September's gains while full-time work declined. In spite of the decline in full-time
employment, total hours worked, which is strongly correlated with economic
growth, increased by a relatively strong 1.1 per cent compared to September
2014.
In BC, a strong economy has lead to an increased rate of
job creation. The province added 12,400 new jobs in September, including 10,600
full-time positions. The provincial unemployment
rate rose 0.3 points to 6.3 per cent as BC's economic performance has attracted
new entrants to the labour force from both inside and outside of the province.
Year-to-date, employment in BC is up just 0.8 per cent but has risen at a rate
of 1.7 per cent over the past three
months.
Copyright BCREA – Reprinted with permission
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